Freight Rates

Oil tanker operators are acting on signals that the Strait of Hormuz is reopening, influencing freight rates.

Port congestion is tying up 11% of the global container fleet, causing delays and supporting new freight rate hikes.

Cancelled sailings are decreasing, indicating more stable shipping schedules, yet ocean freight rates continue to climb.

Dalian iron ore futures closed slightly up after volatile trading, with port spot prices seeing minor increases and moderate trader activity

Copper futures are poised for a monthly loss of over 4% due to expected US Federal Reserve interest rate hikes.

China's manufacturing PMI saw slight growth in June, supported by strong export demand and AI spending, despite weak domestic consumption

US shippers are urging the FMC to require direct carrier notification of new ocean freight charges as container rates rise

Intra-Asia container shipping demand is decreasing after a recent mini-peak, according to Drewry Shipping.

The VLCC market adapted to the Strait of Hormuz closure in Q2 2026, leading to significant rerouting of crude oil shipments

Dry bulk carrier values rose in H1 2026 due to stronger freight rates, better vessel utilization, and higher commodity demand

The Baltic Exchange's dry bulk freight index has dropped for the sixth consecutive session, hitting its lowest point since April 15.

Fuel-related charges surged over 100% due to the Iran conflict, with carriers adding emergency bunker surcharges.

The Ningbo Containerized Freight Index (NCFI) reached 2440.2 points for the week concluding June 26

Genco Shipping & Trading Limited has rejected Diana Shipping Inc.'s extended tender offer, deeming it inadequate.

Maersk revises full-year financial guidance upwards as container freight rates soar on East-West trades.

A US shipper group is pushing for changes to ocean carrier notification rules for new surcharges and tariffs.

Global air cargo demand saw a 6% rise in May, largely due to robust growth on the transpacific trade lane

The Baltic Dry Index (BDI) saw a 34-point reduction, closing at 2490 points on June 29, 2026.

LNG and LPG shipping rates are declining across major routes due to softer global prices and reduced arbitrage opportunities.

Drewry's Intra-Asia Container Index dropped 4% to $1,074 per 40ft container, with rates easing on several key lanes

DCE iron ore futures showed a modest gain while port spot prices held steady amid moderate trading activity.

The ship recycling market may soon face a capacity crunch, influenced by Iran sanctions and Red Sea transit changes

Geopolitical factors, including tariffs and sanctions, continue to heavily influence tanker freight rates and cargo flows.

Capesize dry bulk rates declined significantly this week, reversing earlier optimism across global basins.

VLCC freight rates decreased last week, while LR2 tanker rates rose on Middle East Gulf to Japan and UK-Continent routes.

Container rates from Asia to the US are surging as shippers pull cargo forward, while tanker rates are falling.

The Drewry World Container Index (WCI) saw a 5% increase last week, reaching a 22-month high due to rising spot rates

The global shipping industry is grappling with a worsening shortage of skilled personnel, affecting maritime operations worldwide.

Major for-hire carriers are seeing a brighter freight market outlook after a difficult previous year, signaling potential recovery

The US trucking market is finally showing signs of recovery after a four-year period of depressed freight rates